Macy's warns of up to $1 billion quarterly loss due to lockdowns

Macy's Inc said on Thursday it could rack up operating losses of up to $1.11 billion in the first quarter, as the retailer was forced to shut stores due to COVID-19 lockdowns. [Source]

Origin: reuters.com

Category: artsNews

Topics: lockdowns, billion, Macy's, COVID-19, stores, forced, retailer, quarter, first, losses, operating, could, quarterly, warns

Source: http://feeds.reuters.com/~r/news/artsculture/~3/v0eyrbRsFao/macys-warns-of-up-to-1-billion-quarterly-loss-due-to-lockdowns-idUSKBN22X1C3